Business

May 23, 2011 12:05 PM

Oil prices down in Asian trade

Oil prices was down in Asian trade on Monday. New York's main contract, light sweet crude for July delivery, lost 95 cents to 99.15 USD a barrel. Brent North Sea crude for July delivery dipped 70 cents to 111.69 USD.

May 23, 2011 9:55 AM

Sensex down by 219 points in opening trade

The BSE benchmark Sensex which gained nearly 240 points in the previous two sessions, fell sharply by 219 points, or 1.19 per cent, to 18,106.99 in the first few minutes of trade on Monday. Stocks of metals, banking, IT, auto and realty companies were under pressure, dragging down the Sensex. The wi...

May 22, 2011 1:56 PM

India to formulate new policy for increasing share of manufacturing in its GDP

India will formulate its new policy for increasing share of manufacturing in its gross domestic product with a view to create additional jobs in the country. Commerce and Industry Minister Anand Sharma told PTI that Prime Minister Manmohan Singh has convened a meeting on June 2 of senior ministers t...

May 21, 2011 8:32 PM

Country will continue to face inflationary pressure: FM

Finance Minister Pranab Mukherjee today said that the country will continue to face inflationary pressures due to the high global commodity and oil prices.Talking to reporters on the sidelines of the 63rd annual general body meeting of Indian Banks Association in Mumbai, Mr. Mukherjee said inflation...

May 21, 2011 4:34 PM

Rupee depreciates by four paise against dollar

The Indian rupee on Friday lost four paise to close at 45.01 against the US dollar. Rupee lost on late demand from importers for the US currency which gained in the global markets as well.

May 20, 2011 9:44 PM

Rupee depreciates by four paise against $<br/>

The Indian rupee on Friday lost four paise to close at 45.01 against the US dollar. Rupee lost on late demand from importers for the US currency which gained in the global markets as well.

May 20, 2011 6:27 PM

Sensex up by 85 pts

Rising for the second straight session, the Sensex at the Bombay Stock Exchange gained 185 points, or 1 percent, to 18,326, on Friday, after some good corporate results, and firm European markets lifted investor confidence. The Nifty at the National Stock Exchange added 58 points, or 1.1 percent, to...

May 20, 2011 6:23 PM

Centre allocates Rs 300 cr for increasing area under palm oil production

The Centre has earmarked 300 Crore rupees under the Rashtriya Krishi Vikas Yojana for increasing area under palm oil production in the country. According to an Agriculture Ministry Release, the funds to be allocated to eight States, aims to increase Palm Oil Production by three Lakh Tonnes in next f...

May 20, 2011 3:39 PM

Oil prices rebound in Asian trade today

Oil prices rebounded in Asian trade today after Thursday&apos;s sharp fall in prices. New York&apos;s main contract, light sweet crude for July delivery, advanced 38 cents to 99.31 USD a barrel, while Brent North Sea crude for July delivery gained 13 cents to 111.55 USD.

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